Cost to Run a Induction Cooktop in New Mexico
New Mexico's average residential electricity rate is 15.2¢/kWh as of April 2026 — the 17th cheapest in the country, 19% below the U.S. average. At typical usage (1 hour/day), a induction cooktop here costs $6.47 per month.
Per hour
$0.21
at 1,200–1,800 W
Per day
$0.21
1 hour/day
Per month
$6.47
43 kWh
Per year
$77.67
511 kWh
By usage level in New Mexico
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (0.5 hrs/day) | $0.11 | $3.23 | $38.84 |
| Typical (1 hrs/day) | $0.21 | $6.47 | $77.67 |
| Heavy (2 hrs/day) | $0.43 | $12.94 | $155 |
New Mexico vs. the rest of the country
Monthly cost at typical usage.
Frequently asked questions
How much does it cost to run a induction cooktop in New Mexico?
At New Mexico's current average residential rate of 15.2¢/kWh (April 2026), a induction cooktop with typical usage costs about $0.21 per day, $6.47 per month, or $77.67 per year.
Is running a induction cooktop in New Mexico more expensive than average?
No — it's cheaper. New Mexico's rate is about 19% below the U.S. average: $6.47 per month here versus $8.00 nationally.
What does electricity cost in New Mexico right now?
New Mexico residents pay an average of 15.2¢ per kWh as of April 2026 — the 17th cheapest rate of the 51 U.S. jurisdictions we track.